It’s great to know you've got access to extra funds if you ever need them. With an overdraft on your everyday account you’ll have extra flexibility and peace of mind – and you’ll only pay interest when you use it.

An overdraft is ideal if you:

want the ability to access extra funds at any time

have a fluctuating income and need flexibility

want control over your repayments – there’s no monthly minimum so you can repay your overdraft faster and minimise interest.

With an ANZ Overdraft you’ll always have access to extra funds. Your overdraft facility is linked to your everyday account, and you can borrow up to your agreed overdraft limit. You’ll only pay overdraft interest on the amount you use – so if you don’t use it, you won’t pay overdraft interest. There’s no minimum monthly repayment – you can repay your overdraft as soon as you like.

To get the most out of your overdraft, we recommend you minimise interest payments by repaying as much of the extra funds used as soon as possible.

Eligibility

To be eligible for an overdraft on your transaction account, you must:

A copy of our Reserve Bank Disclosure Statement is available on this website or on request from any ANZ branch, free of charge. This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296